IBM acquires Storwize data compression company

IBM acquires Storwize data compression company

Summary: IBM has bought the private company, which focuses on data compression, to help it make data available to analytics applications

SHARE:
TOPICS: Tech Industry
0

IBM on Thursday said it has acquired Storwize, a privately-held company that focuses on data compression.

Terms of the deal weren't disclosed, but the acquisition is expected to close in the third quarter.

Storwize will give IBM technology to compress data in real-time and make it available to analytics applications. Storwize has more than 100 customers across multiple verticals.

IBM said it was interested in acquiring Storwize because it is looking to compress data in real-time and maintain performance. Storwize optimises data before it is written to disk. Storwize can store five times the data using the same amount of storage.

For more on this ZDNet UK selected story, see IBM picks up data compression company Storwize on ZDNet.com.

Topic: Tech Industry

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

0 comments
Log in or register to start the discussion